Virtus Advisers LLC Makes New Investment in IonQ, Inc. $IONQ

Virtus Advisers LLC purchased a new stake in IonQ, Inc. (NYSE:IONQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,630 shares of the company’s stock, valued at approximately $726,000.

A number of other hedge funds also recently made changes to their positions in IONQ. Beaird Harris Wealth Management LLC boosted its position in shares of IonQ by 117.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Accent Capital Management LLC raised its position in IonQ by 171.8% in the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. Kelleher Financial Advisors acquired a new position in IonQ in the third quarter worth about $36,000. Banque Transatlantique SA bought a new position in IonQ during the third quarter worth about $43,000. Finally, N.E.W. Advisory Services LLC bought a new position in IonQ during the second quarter worth about $42,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

IonQ Stock Down 4.1%

NYSE:IONQ opened at $41.57 on Friday. The firm has a market cap of $15.84 billion, a PE ratio of -8.92 and a beta of 3.28. IonQ, Inc. has a 12 month low of $25.89 and a 12 month high of $84.64. The company’s 50-day moving average price is $44.62 and its two-hundred day moving average price is $43.16.

IonQ (NYSE:IONQ) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.23. The company had revenue of $80.05 million during the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company’s revenue was up 286.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.70) earnings per share. On average, research analysts expect that IonQ, Inc. will post -2.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Northland Securities lifted their price objective on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Wall Street Zen cut IonQ from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. raised their target price on IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wedbush assumed coverage on IonQ in a research note on Monday, August 3rd. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of IonQ in a research report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, IonQ has a consensus rating of “Moderate Buy” and an average price target of $69.92.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ’s second-quarter results exceeded expectations, with revenue of $80.05 million versus the $66.47 million analyst consensus, while revenue increased sharply year over year. The company also raised its full-year 2026 revenue guidance, supporting the growth outlook. IonQ Gains Attention After Q2 Results And New Deals As Valuation Debate Builds
• Positive Sentiment: New collaborations in the United States and Canada could expand access to IonQ’s quantum systems and advance applications in quantum research and communications. How IonQ Could Benefit From Its Latest Quantum Collaborations
• Positive Sentiment: IonQ’s Space division won a radar-imaging contract from the National Reconnaissance Office. The award highlights potential growth beyond core quantum-computing hardware, following the Capella Space and SkyWater acquisitions. IonQ’s Space Contract Points to a New Frontier for Quantum Investors
• Neutral Sentiment: Investors are increasingly differentiating among quantum companies based on revenue growth and financial strength, while also considering diversified quantum-focused ETFs as alternatives to individual stocks. Quantum Stocks Are Starting to Choose Sides
• Negative Sentiment: IonQ is being sold alongside Rigetti and D-Wave in a sector-wide quantum-stock selloff. Reports cite rising Treasury yields, cooling artificial-intelligence sentiment, and rotation away from speculative technology stocks. No fresh company-specific bad news was identified. What’s Behind the Quantum Stock Selloff?
• Negative Sentiment: Despite improving revenue, IonQ remains unprofitable and trades at a rich valuation, leaving the stock particularly sensitive to higher interest rates and shifts in risk appetite.

Insider Buying and Selling

In related news, Director Kathryn K. Chou sold 2,757 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.02, for a total transaction of $151,690.14. Following the transaction, the director owned 62,608 shares in the company, valued at $3,444,692.16. This represents a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $151,662.57. Following the sale, the director directly owned 11,154 shares in the company, valued at approximately $613,581.54. This represents a 19.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,329 shares of company stock worth $513,216 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

About IonQ

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.